Thousands are turning to mortgage brokers Melbourne each and every day simply because they help to find the perfect mortgage but there are burning questions at hand. For many home buyers, they don’t always get accepted for the first home they fall in love with and with a booming market it’s difficult to snag the house you want. Some home buyers are now looking into multiple properties and actually putting in bids for several homes at once! However, is this, a legal practice?
Legality and Other Issues
In all honesty it isn’t against the law to put in offers or bids for more than one house at a time; however, it is not always the smartest move either. Remember, when you are putting in two or more offers at houses, it could result in the home owner choosing your bids above everyone else which means you have more than one house to choose from. When that happens, it’s really a nightmare because you have to pay for home reports and everything else and that’s a lot of money. In truth you could end up losing a ton of money by putting in more than one offer at one house. It’s legal to do but not ethical in a sense and a mortgage broker, more often than not, will say it’s not the way to go about things.
Should You Put In An Offer At Several Homes At Ones?
Every home …Read More